"The Antrix-Devas deal is a classic instance of failure of the governance structure in which selected individuals, some serving and some retired public servants, were able to successfully propel the agenda of a private entity by arrogating unto themselves, powers which they were not legitimately authorised to exercise," the CAG report said.
The Comptroller and Auditor General highlighted the alleged conflict of interest in the multiple roles exercised by Nair, saying this could have been avoided if different persons were appointed to crucial posts to ensure checks and balances.
The CAG report, which was tabled in Parliament today, also criticised the Department of Space (DoS) for its failure to explore the revenue potential of 70 MHz of S-Band spectrum earmarked for Devas for an infinite period.
On the role of Nair, the report said as Chairman ISRO he appointed the Shankara Committee to examine the proposals of M/s Forge Advisors and as Secretary, DoS, Nair submitted a note to the Union Cabinet in which critical facts were concealed.
As Chairman, Space Commission, he chaired meetings where approval to GSAT-6 adn 6A satellites were accorded, it noted.
"He failed to convene INSAT Coordinatin Committee meetings as its Chairman, as a result of which, concerns of key stakeholders, represented through respective Secretaries of Ministries/Departments, were effectively blocked off in the decision-making process," the CAG report said. MORE
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
